Maritime Industry Top News
Royal Caribbean's Return to Profit Delayed by Omicron Surge
Cruise operator Royal Caribbean Group said on Friday the lightning spread of the Omicron coronavirus variant would delay its return to profitability by a few months, another blow for one of the companies worst affected by the pandemic.The bleak prediction, as well as a larger-than-expected quarterly loss, sent Royal Caribbean's stock down 4% and also weighed on shares of rivals Carnival Corp and Norwegianā¦
DP World Posts 9.4% Rise in 2021 Container Columes
Ports giant DP World on Monday reported a 9.4% rise in 2021 container volumes, though growth rates moderated in the fourth quarter which the Dubai state company said was expected due to the impact of COVID-19, inflation and supply chain issues.DP World said it handled 77.9 million shipping containers across its portfolio with its Asia Pacific & India, and Americas & Australia regions both recording double digit growth.Chairman Sultan Ahmed bin Sulayem said there had been an encouraging start to
KR Launches Class Notation for Underwater Radiated Noise
The Korean Register (KR) has developed new āGuidance for Underwater Radiated Noiseā intended to help protect marine ecosystems by reducing noise from ships.Underwater radiated noise is becoming a more serious issue as shipsā size and speed increases to handle high volumes of seaborne trade, causing increasing disruption to the marine ecosystem. The IMOās Marine Environment Protection Committee (MEPC) is discussing measures to mitigate this growing challenge.
Hornbeck Offshore Buys Hi-Spec OSV Trio from MARAD
U.S. offshore vessel owner Hornbeck Offshore Services said Monday it had has acquired three high-spec new generation offshore supply vessels ("OSVs") from the U.S. Department of Transportation's Maritime Administration ("MARAD") for an undisclosed amount of cash. All three of the vessels that were acquired at auction are U.S.-flagged, Jones Act-qualified, 280 class DP-2 OSVs with capacities of circa 4,600 DWT.
BHP Unveils Its First LNG-powered Newcastlemax Ore Carrier
BHP Group unveiled the world's first liquefied natural gas-fueled bulk carrier vessel in Singapore on Monday, one of five vessels that the mining giant will take delivery of in 2022 as part of efforts to curb supply chain emissions.The 299-metre (981 ft) long Mt. Tourmaline Newcastlemax ore carrier was built by Eastern Pacific Shipping in China and stopped off in Singapore to take on LNG fuel. It willā¦
New Terminal Operator at Ports of Indiana-Jeffersonville
Indiana Cargo Crossroads is a working partnership of Ports of Indiana and Superior River Terminals Indiana (SRTI). The new general cargo operator began work in Jeffersonville Jan. 1 providing stevedoring and distribution services to customers. It will grow and diversify cargoes, make investments into facility expansions and drive projects that create significant economic benefits for the regional economy.Theā¦
Iran Stores More Oil on Tankers
Iran, which has the worldās fourth-largest oil reserves, could quickly export millions of barrels of crude and help drive down red-hot oil prices if it reaches a deal in ongoing talks with the United States on its nuclear program.The U.S. government lifted some sanctions on the Iranian nuclear program as a goodwill gesture on Friday to speed up the talks. Washington expects negotiations to reach a conclusion in coming weeks.
Berge Named SVP Global Regulatory Affairs at Corvus Energy
Energy storage systems (ESS) supplier Corvus Energy has appointed Kolbjørn Berge as senior vice president global regulatory affairs effective February 1.Previous to joining Corvus Energy, Berge worked for the Norwegian Maritime Authority (NMA), responsible for the decarbonization of shipping. Bergeās focus has been safety and regulations for green solutions and the design of current national and international maritime regulations.
Ship Recycling Prices March Forward (Again)
Chinese (Lunar) New Year holidays concluded this week and there appears to be a real spring in the step of industry players, as international ship recycling markets continue to push on once again, according to GMS.Both, Pakistan and Bangladesh, have been at the forefront of this recent resurgence, with an improved India (that is still unable to compete on any regular / non-HKC / non-specialist tonnage)ā¦
ABB Secures $27M Order to Equip Eneti's WTIV Duo
ABB has secured an order of around $27 million to supply Enetiās two newbuild vessels with advanced power, automation, and control systems for improved safety and performance.The two $330 million wind turbine installation vessels (WTIV) will be delivered to Monaco-based offshore wind construction player Eneti Inc. from the South Korean shipyard Daewoo Shipbuilding & Marine Engineering (DSME) in Q3 2024 ā Q2 2025.The vessels will feature advanced powerā¦
BSEE Inspects Murphy Oilās New Kingās Quay Platform Ahead of First Oil
U.S. Bureau of Safety and Environmental Enforcement (BSEE) inspectors and engineers last week carried out an offshore regulatory pre-production inspection of Murphy Oilās Kingās Quay floating production system (FPS) platform. The facility, a semi-submersible FPS, is now currently moored in Green Canyon Block 433 in the deepwater Gulf of Mexico, about 175 miles south of New Orleans.āThe first offshoreā¦
Abu Dhabi's AD Ports Raises $1B Before Market Debut
Abu Dhabi's AD Ports Group, owned by sovereign wealth fund ADQ, said it raised 4 billion dirhams ($1.1 billion) in proceeds from its primary issuance and would list its shares on the bourse on Tuesday.AD Ports Group, which operates ports, logistics and industrial zones, said the funds raised would be used for its organically and with acquisitions, as the company plans to expand both locally and internationally.AD Ports Group's shares are set to trade on Tuesday on the Abu Dhabi Securities Exchan
Gallery: Damen's 'Ground-breaking' Fast Crew Supplier Almost Ready for Launch
Dutch shipbuilder Damen is putting finishing touches on its "ground-breaking" Fast Crew Supplier (FCS) 7011 vessel class ā the Aqua Helix - with Ampelmann gangway recently installed and integrated with the shipās systems, and the vessel undergoing the final stages of sea trials.Custom designed for the FCS 7011, the S-type motion-compensated gangway is a critical element in this next-generation fast crew supplierā¦
Exploded Nigerian FPSO was 'old, badly maintained' - Sources
An oil vessel used for storage that exploded off the coast of Nigeria last week had not been maintained for some time and had technical issues, two sources and an environmental group said on Friday, as its wreckage lay in the sea after the fire was put out.The 10 crew members who were on board at the time of the explosion early on Wednesday remained unaccounted for, according to witnesses, amid fearsā¦
Tug and Barge Transporting Munitions Run Aground on Florida Beach
A tug and barge ran aground Thursday night near Deerfield Beach, Fla., while transporting munitions from Port Canaveral to a U.S. Naval facility in the Bahamas.The U.S.-flagged tug Sea Eagle had four people on board when it began taking on water and went aground at 8:45 p.m. on Thursday, the U.S. Coast Guard (USCG) said. No injuries or pollution have been reported, and both the tug and barge are saidā¦
NSWC Dahlgren's Berry Awarded Prestigious Commendation Medal
It takes determined leadership to bring a culture of innovation to large and historic institutions like the U.S. Navy. Regarded as a successful leader in electromagnetic systems certification at Naval Surface Warfare Center Dahlgren Division (NSWCDD), Jillian Berry is passionate about her work, displaying a high level of expertise everyday on the job.The Department of Navy selected Berry as the 2022ā¦
Grandweld Building New Tugs for Kuwait Ports
Dubai shipbuilder Grandweld Shipyards held a keel laying ceremony for two of total four high-performance TRAktor 2700-Z tugs, on January 26, 2022.The tugs were ordered by Specialities Construction for General Trading and Contracting Company (SCC) and will be operated by Kuwait Ports Authority (KPA) in Kuwaitās Shuwaikh Port. Expected to enter service by August 2022, the tugs can perform multiple tasks including ship assistā¦
European Oil Shipments Delayed After Cyber Attacks
Tanker and barge shipments in and out of Europe's biggest oil hub have been delayed by up to a week as four storage companies scramble to resume operations after cyber attacks, sources familiar with the matter said.Since the end of last week, storage company Oiltanking and oil trading firm Mabanaft, both owned by Germany's Marquard & Bahls, have been hit by hackers. Belgium's SEA-TANK and Dutch fuel storage firm Evos have also been affected.The companies have had to suspend some operationsā¦
Strategic Marine Acquires New Shipyard in Singapore
Strategic Marine announced it has completed the acquisition of a significantly larger shipbuilding facility in Singapore in a move intended to boost the company's shipbuilding capacity and product range.Strategic Marine has acquired the fixed infrastructure as well as the lease of the shipyard at 5 Benoi Road and has completed the lease transfer from JTC Corporation, the lessor of the shipyard. Notable features of the facility include a 5ā¦
DNV Awards Type Approval for 3D Printing Feedstock
Voestalpine Böhler Welding Germany GmbH has become the first manufacturer worldwide to be awarded a Type Approval certificate from classification society DNV, for their solid wire 3Dprint AM 70/I1 feedstock. The Type Approval has been awarded based on DNVās new class programme, DNV-CP-291 āAdditive Manufacturing Feedstockā.The Type Approval certificate was presented to voestalpine Böhler Welding Germany GmbH during the DVS Congress held in Essenā¦
